ZMMC Holdings LLC Acquires SFR In Miami For $5.1M With Buyer's Rep Simon Fadel - FPG Advising LLC
8505 SW 53 Ave, Miami, Florida 33143, United States
$5,100,000
$575/SF
Building Size
8,856 SF
Asset Type
Single Family Residence
Closing
Feb 24, 2022
AI
A single-family home located at 8505 SW 53 Avenue in Miami has been sold for a price of $5,100,000. The property spans an area of 8,856 square feet, resulting in a price per square foot of $576. The sale took place on February 25, 2022, and the transaction involved buyer ZMMC Holdings LLC and seller Luis G. Mosquera Living Trust.
Summary of transaction details
- Property Type: Single-family home
- Transaction Amount: $5,100,000
- Address: 8505 SW 53 Avenue, Miami
- Square Footage: 8,856
- Price per Square Foot: $576
- Date: February 25, 2022
- Buyer: ZMMC Holdings LLC
- Seller: Luis G. Mosquera Living Trust
- Buyer's Representative: Simon Fadel - FPG Advising LLC
Simon Fadel from FPG Advising LLC represented ZMMC Holdings LLC in the transaction.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93